Budget 2026 Will 'Uphold Credibility'
Prime Minister Christopher Luxon recently addressed the New Zealand Institute of International Affairs. He spoke about what this week’s Budget will look like. Here’s some of the key points.
Christopher Luxon says the present government has spent much of its time running around with problems in search of solutions.
He says a lot of stuff has been piling on the rural community and likened it to sitting on the other end of the tennis court, getting 10 tennis balls thrown at you at the same time and you can't hit any of them. He points to the problems of rising inflation, increasing fuel and other input costs and supply chain challenges.
"We have had a situation where fruit has been sitting on trees rotting because orchardists can't get workers into this country.
"You are buried under a mire of regulation and this is coming from a culture within government that is really rooting in centralisation," he says.
Luxon hit out at the expansion of the bureaucracy during Labour's time in office, claiming the addition of 14,000 more 'pen pushers' in four and half years. He also points to what he describes as some dumb ideas being generated by bureaucrats, such as the plan to spend $800 million on a walking bridge across the Auckland Harbour that might draw 3,000 people on a good day.
Federated Farmers says the Government’s latest investment in road resilience is a positive step toward protecting rural communities and freight routes from increasing severe weather events.
The stockfood storage capacity of J Swap Stockfoods continues to grow in the South Island with the opening of a new store that boosts its capacity in Christchurch and work starting on another store in Southland.
Fonterra has lifted and narrowed its full year forecast earnings range to 60-70 cents per share after a strong quarter, supported by robust milk production, strong shipment volumes and continued demand across its Ingredients and Foodservice businesses.
Fonterra has announced it will continue with the planned expansion of its organic business into the South Island.
New Zealand farmers have been told they all have amazing people on their farms and have been urged to be “that one person” that can make a huge difference to those going through tough times.
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